2005 Prysmian Cables & Systems
Prysmian Cables and Systems is a company that is engaged in the production of energy and telecommunications cables. On 28 July 2005, the Italian cable and tire manufacturer Pirelli sold its cable business with an enterprise value of € 1.3 billion at Prysmian Cables and Systems, a financial investor to which the U.S. investment bank Goldman Sachs is heavily involved. The company is listed on the FTSE MIB.
Among other things, the products include fiber optic cable, telecommunications, and energy and control cables that are resistant to high temperatures, fire, ionizing radiation and chemical substances are produced as underground cables, submarine cables, overhead line conductors and electrical standard and special cables.
Prysmian has its headquarters in Milan and has 52 plants worldwide in 21 countries where more than 21,000 employees. Prysmian is a shareholder of the industry portal Voltimum.
On 1 June 2008, the Prysmian Cables and Systems GmbH Berlin took over the Lynenwerk Eschweiler and operated until the end of 2012 under the name Prysmian cable plant Lynen, in order to then close. This Prysmian Berlin still has two cable plants in Neustadt bei Coburg, and Schwerin.
The management and distribution for utilities, commercial and trade customers have their headquarters in Berlin.
Worldwide sales for the industrial, OEM, mining, crane customers, contractors and the general contractor is in Neustadt bei Coburg.
On April 2, 2014, the European Commission has assigned 11 manufacturers with fines totaling nearly 302 million euros in an action for a cartel for high -voltage power cable ( underground cables and submarine cables ). Prysmian received a fine of around 104.61 million euros.